SHDW (Shadow Token) rose 70.47% in the last 24 hours.

Gate News Bot message, August 25, according to CoinMarketCap data, as of the time of writing, SHDW (Shadow Token) is currently priced at $0.18, having risen 70.47% in the last 24 hours, reaching a high of $0.21 and a low of $0.10. The current market capitalization is approximately $30.3 million, an increase of $1.25 million compared to yesterday.

shdwDrive is a decentralized, high-performance, and scalable object storage system designed for Web3 builders. It offers technical and operational simplicity, enabling projects or businesses to go to market faster. shdwDrive employs a multi-layer security design to protect user data through erasure codes, encryption, and dispersing file storage across a distributed network. The system scales with project size, providing more storage space, throughput, and uptime. shdwDrive supports a variety of use cases, including website hosting, content management, archival backups, social media, and personal storage.

Important news about SHDW recently:

1️⃣ Decentralized storage demand rise The Web3 ecosystem continues to develop, with an increasing demand for decentralized storage solutions. shdwDrive, designed specifically for Web3 builders, attracts more attention from developers and project teams due to its high performance, scalability, and security features, promoting the rise in value of the SHDW token.

2️⃣ Technical advantages are highlighted shdwDrive adopts a multi-layer security design, including erasure coding, encryption, and distributed storage, providing strong protection for user data. At the same time, its scalability can meet the needs of projects of different sizes, allowing it to stand out in the competitive decentralized storage market and promoting the market performance of the SHDW token.

3️⃣ Application Scenarios Expansion shdwDrive supports various use cases, including website hosting, content management, archiving and backup, social media, and personal storage. As these application scenarios continue to expand and deepen in the Web3 field, the practicality and demand for the SHDW token have also increased accordingly, driving its market capitalization to rise.

From a technical perspective, the SHDW token has shown a strong rise trend after breaking through previous resistance levels, and it may continue to maintain its strength in the short term. However, investors should remain vigilant about the potential pullback risks that may occur after a rapid rise.

This message is not intended as investment advice; investors should be aware of market volatility risks.